Best age to sell?

[peterc10]

We have decided that our 6.5 year old Hymer is a keeper. It does what we want. A new one would be shinier and have more electronic wizardry but the shine soon wears off and the wizardry means more things to go wrong. And, from what we have seen, the newer versions are becoming more and more flimsy in order to keep them below the magic 3,500 kg.

We are in our 70s now and we will keep it until I can't renew my C1 anymore or until we get tired of travelling.

 

[Lenny HB]

And another lot of vat

Totally irrelevant.

 

[ManTheVan]

I wish it were possible to find a manufacturer that would make a MH the way you want it. Ours is 12 years old and if we were to replace it, we’d want another exactly the same, although it would necessarily be a more modern engine and mechanicals, I suppose.

 

[TheBig1]

In normal times, you lose the most value in the first 2 or 3 years unless you buy lucky. Then the depreciation really slows down over the next 5 to 10 years. At the moment prices are unrealistically high. If you are stopping motorhoming, Now is the time to sell and lose nothing. Otherwise you will have a fair chunk of cash to add to trade in value to buy a new one and wait a year for it to be built as things stand

 

[cyberyacht]

Mine is, like peterc10, 6.5 years old so on LennyHB's timeframe, I should be changing. However I anticipate my next transport will be oak veneered MDF and I'm not ready for that yet!

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[The Wino]

In normal times, you lose the most value in the first 2 or 3 years unless you buy lucky. Then the depreciation really slows down over the next 5 to 10 years. At the moment prices are unrealistically high. If you are stopping motorhoming, Now is the time to sell and lose nothing. Otherwise you will have a fair chunk of cash to add to trade in value to buy a new one and wait a year for it to be built as things stand

Values are high ATM it just made me wonder if they have increased equally or more in some price ranges. I suspect starter vans have probably seen the biggest percentage increases

 

[vzac]

When you are fed up with it.

 

[The Wino]

When you are fed up with it.

I strongly suspect that's the ops reason!

 

[MR BLO]

I am with Lenny HB and reckon 6-8 years is the best balance of depreciation and trading up but if I could afford not to compromise, or my circumstances and requirements change then I would do so sooner.
It’s only money and as my lifelong friend told me from his death bed « you can always sell a kidney ».

 

[Folkranger]

I saw what to me was a nice van last week, had a look to see how much they were selling for ..

A 13 year old one was £51,000
A 9 year old one was £54,000

My thoughts were, I bet they didn't cost any more than that new. Pre C19 I think they would have been around 10k cheaper each.

Some things you can't predict.

Changed mine during C19 and I know I paid well over the odds but with a slightly better trade in price.

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[Folkranger]

It depends on circumstances, desire and financial ability. The cheapest way to run a van is to keep it for the longest time. If your circumstances and your desire don't push you into changing and you are financially capable of funding a future puchase then just hang on to what you have now. The nice feeling from having shiny new soon wears off.
In my case I've changed regularly because of circumstances when the Grandchildren stopped coming with us and desire when we just liked something newer. (4 vans in 18 years)

 

[Jev88]

The only problem we had was a warped cupboard door, fixed under warranty.

Sounds like you have a solid build then. Why change it?

 

[68c]

How many of the used prices you see are 'asking' prices and how many 'getting' prices. Always difficult to know its true trade in value as compared to cars there are so few up for sale at any one time. Just because you saw your model up for sale at a nice price dies not necessarily mean you will get that.